Polybutene Market Summary
As per Market Research Future Analysis, the Global Polybutene Market was valued at USD 0.84 Billion in 2024 and is projected to grow to USD 1.30 Billion by 2035, with a CAGR of 4.1% from 2025 to 2035. The growth is driven by increasing demand from end-use industries, particularly in food packaging and automotive sectors, due to polybutene's superior mechanical and chemical properties. The Asia-Pacific region is expected to dominate the market, supported by economic growth and industrialization, while North America is anticipated to grow at the fastest rate due to rising use in cosmetics and personal care products.
Key Market Trends & Highlights
Key trends driving the polybutene market include its diverse applications and growing demand across various sectors.
- Polybutene market size in 2024 is projected to be USD 0.84 Billion.
- The automotive sector is expected to see a nearly 10% growth in polybutene usage in 2021 compared to 2020.
- The adhesives segment is the largest, driven by high elasticity at low temperatures.
- Asia-Pacific is the leading region, benefiting from reduced labor costs and rapid industrialization.
Market Size & Forecast
2024 Market Size | USD 0.84 Billion |
2025 Market Size | USD 0.87 Billion |
2035 Market Size | USD 1.30 Billion |
CAGR (2025-2035) | 4.1% |
Major Players
Key players include BASF SE, Dongfang Hongye Limited Company, DAELIM, INEOS, Lubrizol Corporation, LyondellBasell Industries Holdings B.V., Mitsui Chemicals Inc., TPC Group, Ylem Technology Co. Ltd., Braskem, KEMAT Polybutenes, SOLTEX, Maharashtra Polybutenes Ltd, and A S Harrison & Co Pty Limited.